Texas Municipal Retirement System (tmrs)

Texas Municipal Retirement System (TMRS) is a public retirement system that provides retirement, disability, and death benefits to employees of participating Texas municipalities. Established in 1947, TMRS operates as a hybrid defined benefit plan, where members and their employers contribute to individual accounts that grow over time. The system makes money through member contributions, employer contributions, and investment returns. TMRS has a history of adapting its policies to ensure financial stability and sustainability, making it a crucial institution for municipal employees in Texas.

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